Guideline Value for Adthavan Nagar

Adthavan Nagar guideline value

The current guideline value of Adthavan Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This locality is situated in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Adthavan Nagar has changed

The guideline value for Adthavan Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 900%. However, this value decreased by 33% to Rs 1,340 per sq.ft in 2017. The subsequent revision in 2023 saw the value increase to Rs 2,000 per sq.ft, and the latest revision in 2024 has further raised it to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with the 2024 guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the current guideline value for Adthavan Nagar.

• Abdulla vahab sahyub street: Rs 2,200 per sq.ft (2024)
• Abdulla sahib street: Rs 2,200 per sq.ft (2024)
• Alisayubu street: Rs 2,200 per sq.ft (2024)
• Ambedkar street: Rs 2,200 per sq.ft (2024)
• Amman koil street: Rs 2,200 per sq.ft (2024)
• Ammankoil street east & west: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Adthavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Adthavan Nagar?

The Sub Registrar Office covering Adthavan Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Poonthamallee

The guideline value is an essential factor during the registration of property transactions in Poonthamallee. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Adthavan Nagar?

The current guideline value of Adthavan Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1000% over the years.

What are the stamp duty and registration fees for property in Adthavan Nagar?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office should I visit for property registration in Adthavan Nagar?

The Poonamallee Sub Registrar Office is responsible for property registrations in Adthavan Nagar. It is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Adthavan Nagar?

Adthavan Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.